Ashutosh Nath
Recent Posts
Topics: Asia, Free Trade Agreements
Objective of the AEO Program
Apart from revenue collection, Trade Security and Trade Facilitation are important areas for customs agencies around the world. In order to secure and facilitate the trade, the World Customs Organisation (WCO) has adopted the SAFE framework of standards in 2005, which includes the Authorized Economic Operator Program (AEO Program) as one of three key pillars. India, as a member of the WCO, has adopted the AEO Program through the Customs Act, 1962.
Finally, the gloves are out from both sides. The Indian Government has decided to implement retaliatory duties on 28 goods originating in or exported from the US. The increased tariffs have been made applicable from June 16, 2019.
Topics: Asia, North America